DT3465 - DT: Belgium: double taxation agreement SI 1987 No.2053, Article 16 Directors' fees

Directors' fees and other similar payments derived by a resident of a Contracting State in his capacity as a member of the board of directors or other similar organ of a company which is a resident of the other Contracting State may be taxed in that other State. In relation to remuneration of a director of a company derived from the company in respect of the discharge of day to day functions of a managerial or technical nature, the provisions of Article 15 of this Convention shall apply as if the remuneration were remuneration of an employee in respect of an employment and as if references to `employer` were references to the company.